Miranda Coal - Miranda Mineral Holdings Limited

Transcription

Investor Presentation
June 2010
Disclaimer

All forward-looking statements in this presentation, other than historical facts, that address exploration activities and mining
potential are forward-looking statements. Although Miranda believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements should not in anyway be construed as guarantees of the
future performance and no assurance can be given that such expectations will be realised.

Factors that could cause actual developments to differ materially from expectations include, but are not limited to, the
successful conversion of the group’s old order exploration rights into new order rights, exploration results, analysis of
geological, metallurgical and other technical information, the operational performance of joint venture partners, and the
company’s ability to raise the necessary capital to progress its projects further.

The group is subject to specific risks inherent in the exploration and mining business, and general economic and business
conditions including, but not limited to, changes in the regulatory environment and other government action, fluctuations in
commodity prices and exchange rates, and business and operational risk management.

Reserves and Resources were compiled using the SAMREC guidance, with CPR’s still to be submitted to the JSE
2
Content


Miranda Coal – Coal, the Primary Thrust

Metallurgical Coal – Market Opportunity

KZN Coalfields – Project Opportunity

KZN Projects and Prospects

Miranda Coal Operations
Summary and Conclusions
3
Miranda Coal
– Coal: the Primary Thrust
4
Metallurgical Coal
– the Market Opportunity
5
Metallurgical Coal Market Outlook
Scale: million tonnes
Source: UBS Coal Sector Research, March 2010; Miranda emphasis
6
Spot HCC
HCC
PCI
SSCC
06-2010
03-2010
12-2009
09-2009
06-2009
03-2009
12-2008
09-2008
06-2008
03-2008
12-2007
09-2007
06-2007
03-2007
12-2006
09-2006
06-2006
03-2006
12-2005
09-2005
06-2005
03-2005
12-2004
09-2004
06-2004
03-2004
12-2003
09-2003
US$ / tonne FOB (Australia)
Metallurgical Coal Prices
400
350
300
250
200
150
100
50
0
Source: UBS; Platts
7
KwaZulu Natal Coalfields
– the Project Opportunity
8
SA Coalfields - Location
ZIMBABWE
1
BOTSWANA
MESSINA
5
LOUIS TRICHARDT
4
3
NORTHERN PROVINCE
ELLISRAS
2
MOCAMBIQUE
PIETERSBURG
TZANEEN
WATERBERG
BASIN
POTGIETERSRUS
PHALABORWA
N
VAALWATER
SPRINGBOK
FLATS
BASIN
6
WARMBAD
Project Area
LYDENBURG
MPUMALANGA NELSPRUIT
RUSTENBURG
8
KOMATIPOORT
GAUTENG
PRETORIA
NORTH WEST
PROVINCE
WITBANK
BELFAST
MAPUTO
7
JOHANNESBURG
BETHAL
HEIDELBERG
SECUNDA
VEREENIGING
11
ERMELO
SWAZILAND
12
STANDERTON
13
10
HEILBRON
9
KROONSTAD
MAIN KAROO
BASIN
WELKOM
UTRECHT
NEWCASTLE
14
FREESTATE
16
15
17
DUNDEE
18
KWAZULU NATAL
0 20 40 60 80100
LESOTHO
RICHARDS BAY
INDIAN OCEAN
1 LIMPOPO
2 WATERBERG
3 WESTERN SOUTPANSBERG
4 CENTRAL SOUTPANSBERG
5 EASTERN SOUTPANSBERG
6 SPRINGBOK FLATS
7 WITBANK
8 KANGWANE
9 O.F.S.
10 VEREENIGING - SASOLBURG
11 SOUTH RAND
12 HIGHVELD
13 EASTERN TRANSVAAL
14 KLIP RIVER
15 UTRECHT
16 VRYHEID
17 NONGOMA
18 SOMKELE
9
SA Coalfields - Geology
10
Brief History of Coal Mining in KZN


Discovery of coal in KZN first documented in 1850s
Commercial mining activities commenced in 1865


Initially started by the British to supply:







producing 1 million tons by 1905
Total of 66 mines has operated since 1979
Early-1980s: annual production of >20mt
Renowned for high quality anthracite and coking coal
By 2005: 10 operational coal mines producing 2.5mt
Today:



shipping industry
mining industry (diamonds, then gold)
KZN one of largest coal producing regions in world in early-1900s


near present town of Dundee (“Coalopolis”, considered to be bigger than Jhb)
Only half of those still in production
Although KZN coal typically of high quality, only contributing 2% of total market
Critical matters to consider:


What caused KZN decline of last two decades?
What has changed for KZN decline to be turned around?
11
KZN Coal Production
12
Klip River Collieries – Typical Profile
Mostly coking coal/ anthracite production

Burnside Colliery:




Northfield Colliery:






Production rate: 40 000 tpm coking coal
In operation: 1903 – 2005
Life of mine production > 60mt saleable coal
Dewars Colliery:



In operation: 1962 – 1990s?
Durban Navigation Colliery (Durnacol):


Indumeni Colliery:


Life of mine production > 17.5mt saleable coal
Production rate: 40 000 tpm anthracite
Cambrian Colliery:



Production rate: 20 000 tpm
Life of mine production > 10mt saleable coal
13
KZN Coal – Typical Cross-Section
Underground Potential
Depth:
30m to 200m
Opencast Potential
Strip Ratio:
9 - 2 : 1
Coal
Karoo Supergroup Sediments
Dolerite
14
KZN Coal – Geological Overview

Coal deposits:



Coal seams:




Occur in thin seams of anthracite, bituminous and coking coal
Divided into the five coalfields, namely from west to east: Klip River, Utrecht,
Vryheid, Nongoma and Somkele
Developed in the Ecca Group in the Klip River, Utrecht and Vryheid Coalfields
and Beaufort Group in the Nongoma and Somkele Coalfields
Occurrence of faulted ground conditions and dolerite dykes
Dykes either increase the quality or burn the coal (depending on proximity)
Comparison to other SA coal deposits:

Negatives


KZN coal mining more specialised due to topographic differences, structural complexities
and thin seams
Positives




Higher coal quality means substantial price premium and greater pricing power
Significant margin improvement over power station coal
Advantageously positioned relative to export markets given proximity to ports of Durban
and Richards Bay (and even Maputo an alternative)
Technological developments – new generation continuous miners and haulers
15
KZN Coal – Reasons for Decline

Difficult mining conditions and lagging technology:


Internal market adjustment:



Closure of part of Newcastle steelworks, a significant consumer
Eskom’s policy:


Availability of the other sources of cheaper, quality anthracite
Regional steel industry development:


SA coal marketing controls had prevented sale of coal outside province in
which produced
Abolition in early-1990s made “cheap” Mpumalanga coal available to nonpremium KZN coal users
Global market adjustment:


Resulted in low extraction rates and tonnages, and high mining costs
Only commissioning new (mega) power stations close to large coal resources
All of the above meant no new investment in KZN capacity, resulting in:



Old and ageing mines reaching their limits of extraction
Deteriorating safety records (eg significant gas explosion at Hlobane colliery)
Build-up of environmental liabilities (old mines)
16
KZN Coal – What has Changed ?







Global energy market dynamics
Regional economic development emphasis - coalfields to be investment focus
Recent exploration activity confirms large remaining resource base with significant
potential for development
Mining remains challenging, but economies of thinner seam mining have advanced
(price and efficiencies)
Technology – continuous thin seam miners
High grading, selective mining techniques – no more strip mining
Environmentally-friendly (dry) washing plants
What hasn’t changed?





Still close to ports, making market access simple, reliable and cost-effective
Still high up on carbon curve – ability to deliver high quality, niche market coal
Still proven track record as a major producer of coking coal and anthracite
Good knowledge about coal deposits
Infrastructure readily available (though requiring upgrading)
= AN UNIQUE INVESTMENT OPPORTUNITY
17
Miranda Coal
– KZN Projects & Prospects
18
KZN Projects Locality Maps
19
KZN Projects – 9 Project Areas
F
G
H
I
E
D
A
C
B
20
Project Overview
Project
Ha
Area
SAMREC
Recon tons
Status
Mining Projects (MR granted1; appl. accepted2)
Sesikhona1
884
Dannhauser
17.4mt
Measured 3.6mt
Mining contractor appointed; Mining plan finalised; Ground
breaking scheduled: Jun-10; Off-take agreement being finalised
Uithoek2
2,502
Glencoe
-
Measured 6.7mt
SLP being finalised; Mining right in 2010Q3; Production in 2011H1
Burnside2
4,540
Glencoe
-
Inferred 16.6mt
Indicated 18.9mt
Contiguous with Uithoek; Third project in pipeline; EMP accepted;
Production by 2011H2
17.4mt
45.8mt
Cum total
7,926
Development Projects (Prospecting Rights granted1; appl. accepted2; appl. in process3)
Majestic1
816
Dannhauser
-
Inferred 5.4mt
Dwala1
1,658
Dannhauser
5.0mt
-
Boschhoek1
6,608
Glencoe
-
Indicated 52.3mt
Wasbank1
2,135
Glencoe
1.5mt
-
6.5mt
57.7mt
Cum total
11,217
Field exploration stage; Production by 2012
Contiguous with Sesikhona; Field exploration
Second phase exploration; Production by 2012/13
Field exploration stage; Production by 2013
Exploration Projects (Prospecting Rights granted1; appl. accepted2; appl. in process3)
Yarl1
Learydale1
1,216
Dannhauser
54.3mt
Inferred 16.9mt
Field exploration stage
253
Dannhauser
44.3mt
-
Field exploration stage
Frisbee1
2,383
Utrecht
-
-
Exploration stage
Alston1
3,070
Utrecht
-
-
Exploration stage
Planet Waves (x5)1
9,558
Utrecht
-
-
Desktop geology and application
In process (x20)1,2,3
51,989
Various
-
-
Desktop geology and application
Cum total
68,469
98.6mt
16.9mt
Total
87,612
122.5mt
120.4mt
21
A – DANNHAUSER PROJECT AREA
22
Dannhauser Project Area – Overview
Summary (work done to date):
1 Sesikhona
 MCoal interest: 72%
2 G/Geloof & 3,4 Dwala





Area: 884ha
Status: Mining Right
Samrec Proven Res: 3.6mt
Recon. Resource: 17.4mt
Comments: See presentation






MR: Sesikhona; PR’s x4
Area: 6,817ha
Samrec Proven Res: 3.6mt
Samrec Inferred Res: 5.4mt
Total Samrec Res:
9.0mt
Recon. Resource:
17.4mt
31,58,59 Beacon, I/dale, G/Brae
 MCoal interest: 62.5%-70%
 Area: 1,833ha
 Status: PR, Field exploration
 Comments: See presentation
 Area: 878ha
 Status: Desktop geology
 Comments: Possible southward
extension of Sesikhona/ Dwala
19 Davelfontein
 Area: 796ha
 Status: PR; Exploration planned
27 Cardwell
 MCoal interest: 62.5%
 Area: 1,222ha
 Comments: Adjacent to Durnacol;
Possible westward u/g ext of
Sesikhona/ Dwala project area
5 Majestic
29,60 Blaikieston, Solmar
 MCoal interest: 62.5%-70%
 Area: 816ha
 Status: PR with CPR;
Follow-up exploration
 Samrec Inferred Res: 5.4mt
 Area: 553ha
 Comments: Bordered by Empati
Anthracite mine (Lincoln);
Possible north-/ eastward
extension of Majestic
23
D/HAUSER PROJECT AREA
- SESIKHONA (MR)
24
Sesikhona – Overview




Location: Dannhauser region, northern KZN
MCoal interest: 73%
Status: Mining right over 884ha
Resource statement:






Opencast mining to commence Jul-2010
Targeted production 75ktpm saleable (51-mth life of mine)
Anthracite, to be sold crushed & screened, unwashed ex-Pit (FoT)
Exploration phase 2:



3.6mt (VBKom/ SSMS o/c mine plan)
17.4mt (Mintek report)
21.0mt
Mining phase 1:


Probable reserve:
Recon resource:
Aggregated:
Further drilling has commenced, to continue simultaneously with mining
Focus: to extend reserve, define and upgrade resource (o/c & u/g section)
Future developments:

Dwala prospect to lengthen project life further
25
Sesikhona – Mine Establishment
26
Sesikhona – Seam Elevation
27
Sesikhona – Seam Depth
28
Sesikhona – Open Pit Resource
-86000
-85000
-84000
-83000
-82000
-3097000
-81000
-3097000
-3097500
VERDRIET
KLIPROTS
-3098000
-3098000
14.11
VR
TE
L
E
W
23.46
EN
ED
Dam
-3098500
7.4
Sill Break Through
7.4
8.8511.8
9.88 14.35
-3099000
Borehole Position
15.68
16.21
11.3
35.18
Top Seam Shallow Resource
47.53
Top Seam Deep Resource
22.83
41.62
3.54
4.74
5.4
8.7
12.96
14.46
38.09
8.8
-3099000
10.65
12.45
10.4
KLIPRAND
11.22
41.65
17.95
44.49
34.1
9.27
44.26
16.1
17.7
47.32
-3099500
46.35
16.69
5.54
6.56
7.56
10.28
12.45
6.15
-3100000
-86000
-3100000
-85000
0
-84000
250
500
750
-83000
-82000
-81000
1000
29
Sesikhona – Phase 1 Mineable Area
30
Sesikhona – Phase 1 Mine Plan
31
Sesikhona – Phase 1 Mine Schedule
32
Sesikhona – Phase 1 Mining Profile
33
Sesikhona – Potential
34
- DWALA, G/GELOOF (PRS)
DWALA, G/GELOOF
DWALA, G/GELOOF
35
Dwala & G/Geloof – Locality
Sesikhona
Goede Geloof
Dwalalamadwala
36
Dwala & G/Geloof – Overview






MCoal interest: Dwala 65%; Goede Geloof 65%
Status: Dwala 2 PRs over 1,658ha; G/Geloof 1 PR over 253ha
Contiguous with Sesikhona Colliery, extending coal horizon westernly
Durnacol to the northwest and Cambrian Coal Mine to the north
Historical exploration:

10 indiscriminate b/holes drilled on eastern section (portions of farm Goede Geloof)

Top seam:



Bottom seam:




thickness of 0.8m-2.0m
at depths of 17m-35m
thickness of 0.6m-1.9m
at depths of 19m-37m
Results of b/holes on Sesikhona boundary with Goede Geloof indicates
extension of resource
Drilling program in prospecting area has commenced to:


improve understanding of resource
assess impact on u/g mine plan
37
Dannhauser Project Area Plan
38
- MAJESTIC (PR)
39
Majestic – Resource Blocks
40
Majestic – Locality
Extension
Areas
41
Majestic – Overview




Location: Dannhauser district, KZN
MCoal interest: 65%
Status: Prospecting Right over 7 farms covering 816ha
Resource Statement:


Coal quality:




Anthracite & low ash coal with coking qualities, suitable for metallurgical industry and
powerstations
Good energy value and low ash potential overshadow sulphur content
Top Seam yielding 10.5% ash product @ average 72% product yield
Exploration program:






Indicated resource: 5.4mt
Previous exploration Natal Navigation Colliery (limited b/hole logs available)
MCoal 2009 exploration – drilling of 18 cored b/holes of which 10 intersected coal seams
Close proximity to group's other projects in area
Seam continuation confirmed of 2 economic seams @ ave width of 1m to 1.6m
Further drilling to confirm extension of resource area
Mining:



Active coal mines adjacent to Majestic include Springlake (Shanduka) and Slater Coal
Natal Navigation Collieries operated in area for many years (#2 shaft situated on Swiss Valley,
one of the properties)
Glencoe Colliery operated on Clipsham
42
B – GLENCOE PROJECT AREA
43
Glencoe Project Area – Overview
 MR: Uithoek (2010Q3); PR’s x4
7 Burnside











Area: 4,540ha
Status: MR appl accepted
Samrec Indicated Res: 18.9mt
Area: 16,615ha
Samrec Measured Res: 6.7mt
Total Samrec Res:
94.5mt
Recon. Resource:
1.5mt
6 Uithoek
 MCoal interest: 92.5%*




8 Boschhoek




Area: 6,608ha
Status: PR; Phase 2 field expl.
Area: 2,502ha
Status: MR by 2010Q3
Samrec Measured Res: 6.7mt
10 Wasbank
16 Cherhampark
 Area: 830ha
 Comments: Minimal dolerite
activity; Rated in Mintek report;
Medium expl. potential




Area: 2,135ha
Status: PR; Exploration planned
44
GLENCOE PROJECT AREA
- UITHOEK (MR APPL)
45
Uithoek – Resource Areas
46
Uithoek – Overview



Location: Glencoe region, northern KZN
MCoal interest: 92.5%
Status:


Resource statement:



6.7mt (Samrec CPR)
Resource is a lean and bituminous coal with latter having coking qualities
Mine to produce a coking coal or metallurgical export product, and middling product for local
power stations





Measured resource:
Coal quality:


Granting of Mining Right by DMR imminent
Total of 122 boreholes drilled
49 infill holes completed to confirm qualities
10 final holes drilled to define additional resource in south east of property (not yet included)
To be complemented by ground geophysics for structural definition
Mining:




About 70% of resource open-castable
CPR being updated to incorporate Samval valuation (Venmyn)
PFS has commenced
Mining to commence during 2011H1
47
- BURNSIDE (MR APPL)
48
Burnside – Resource Areas
49
Burnside – Resource Areas
50
Burnside – Overview



MCoal interest: 60%
Status:



Resource statement:





18.9mt (Samrec CPR)
16.6mt (Samrec CPR)
35.5mt
Lean & bituminous coal with latter having coking qualities
More detailed work & drilling required to determine specific markets




Indicated resource:
Inferred resource:
Total Samrec resource:
Coal quality:


Holder of a Prospecting Right over 4,540ha
Mining License application accepted by DME
78 boreholes drilled previously
Second phase drilling program completed
Further drilling (10 boreholes) to upgrade to measured resource status
Mining:



About 25% of resource would be opencast mining
Further analysis on mining modifying factors being done, leading to pre-feasibility
Target is for mining to commence by 2011H2
51
- BOSCHHOEK (PR)
52
Boschhoek – Resource Areas
53
Boschhoek – Resource Areas
54
Boschhoek – Overview



MCoal interest: 52%
Status:


Resource statement:



52.3mt (Samrec CPR)





Indicated resource:
Coal quality:


Holder of a Prospecting Right
Infill drilling (15 holes) to commence for upgrading resource to measured
Early indications are of a lean & bituminous coal with certain areas having anthracitic qualities
About 75% of resource with coking qualities
Mining:



Feasibility study to commence 2011H2
Mining Right Application to be submitted in 2011H2
Target is for mining to commence by 2012/13
55
- WASBANK (PR)
56
Wasbank – Locality
Burnside
Uithoek
Boschhoek
57
Wasbank – Resource Areas
WASBANK
-92000
-91000
-90000
-89000
-88000
-87000
-86000
W
as
ba
nk
Sill Line
BOTTOM SEAM RESOURCE
-3127000
No Coal Holes
WK5 WK3
53.4 31.55
WK4
0.61 0.82
25.87
0.28
WK1
58.1
1.34
-3126000
-3127000
WK2
50.41
0.54
R
oa
d
2008 Boreholes
-3128000
-83000
Sill Line
R
60
2
BH Position
Depth
Thick
-84000
R
iv
er
Boschhoek
-3126000
-85000
R
ai
lw
ay
-93000
Property Boundary
-3128000
Resource Block
-3129000
-3129000
-3130000
-3130000
6/77
MS1/79
MS2
MS 5
-3131000
Meran
29/47
Mooispruit
-3132000
Wasbank
MS1
MS3
21.33
MS8/79
18.38
0.77
18.95
0.14
0.7
MS7/79
MS4
18.35
MS6/79
25.480.37
17.85
0.89
MS5/79
0.65
17.26
0.27
-3131000
Wasbank River
MS9/79
-3132000
Road R602
R
ai
lw
ay
MS10/79
-3133000
-93000
-92000
-3133000
-91000
-90000
-89000
-88000
-87000
-86000
-85000
-84000
-83000
Scale
0
2000
4000
58
Wasbank – Overview



Location: Glencoe region, Northern KZN
MCoal interest: 62%
Status:


Resource statement:



1.5mt (Mintek report)




Reconnaissance resource:
Coal quality:


16 boreholes completed in 2008
Resource to be upgraded
Mining:



Further analysis on mining modifying factors to be done, leading to pre-feasibility
Mining License application to be submitted 2012
Target is for mining to commence by 2013
59
C – KLIPRIVER SOUTH PROJECT AREA
60
Klipriver South Project Area – Overview
 PR: Alston
41 Homesdale
 Area: 9,537ha
 No resources confirmed yet
 Area: 695ha
42 Meadowbank
 Area: 399ha
62 Cinderford
 Area: 2,456ha
12 Alston
 Area: 3,070ha
 Status: Exploration planned
61 Spetskop
 Area: 2,917ha
61
KLIPRIVER SOUTH PROJECT AREA
- ALSTON (PR)
62
Alston – Locality
63
Alston – Overview



Location: Dundee district, KZN
MCoal interest: 70%
Status:


Holder of a Prospecting Right over 2 farms covering 3,070ha






Coal seams in area have historically been a major source of good
coking coal
Typically require relatively little beneficiation
EMP completed and submitted to DME
Dolerite displacement caused uplift of coal seams of 46m-61m
on Paardeberg farm
Seam thickness of 1.27m indicated by outcrop of Top Seam
on same farm and by borehole on neighbouring farm
First phase field exploration being planned
64
D – KLIPRIVER EAST PROJECT AREA
65
Klipriver East Project Area – Overview
 PR: Frischgewaagd
13 Frischgewaagd
 Area: 18,638ha
 No resources confirmed as yet
 Area: 3,255ha
 Comments: Potential for lean,
bituminous coal with coking props
24 Grootvlei
 Area: 6,087ha
 Comment: Historical coal mining
activity to north of properties
55 Uitzicht 3
 Area: 826ha
52 Newport
 Area: 1,181ha
51 Cupar
 Area: 1,193ha
30 Jessie
 Area: 1,233ha
 Comment: High prospectivity;
Rated in Mintek report; Possible
demographic challenges
54 Kwaggasdrift
53 Flint
 Area: 4,412ha
 Area: 451ha
66
E – NEWCASTLE PROJECT AREA
67
Newcastle Project Area – Overview
 PR’s x2: Yarl, Learydale




Area: 3,609ha
Recon. Resource:
98.3mt
Comments: Mostly u/g resources
17 Brackhoek
 Area: 1,216ha
 Comments: Similar geo structures
as Sesikhona; Rated in Mintek
study; Medium potential
18 Hornriver
 Area: 924ha
 Comments: North of Cambrian
coal mine; Rated in Mintek study;
Medium to high potential
11 Learydale




Area: 253ha
Status: PR; Exploration planned
Comments: : See presentation
9 Yarl





Area: 1,216ha
Status: PR; Phase 2 exploration
Recon. Resource:
54.3mt
68
NEWCASTLE PROJECT AREA
- YARL (PR)
69
Yarl – Resource Areas
70
Yarl – Overview



MCoal interest: 100%
Status:


Resource statement:




16.9mt (Samrec CPR)
54.3mt (Mintek)
71.2mt



Inferred resource:
Reconnaissance resource:
Coal quality:


Infill drilling (20 holes) to commence to upgrade resource to indicated
Mining:


Early indications are that the coal qualities are anthracitic and bituminous
Feasibility study for an underground mine will commence when drilling is
completed
71
Yarl – Potential
Yarl
72
NEWCASTLE PROJECT AREA
- LEARYDALE (PR)
LEARYDALE
LEARYDALE
73
Learydale – Resource Area
LEARYDALE 4259
-95000
-94000
-93000
-92000
-91000
NC.72
Learydale
39.01
0.28
1300m
4
-3091000
-3091000
14.94
0.92
NC 62
15.7
1.11
Railway
Sil
Sil
e ak
l Br
BH No
Seam Depth
Thickness
M2
52.9
1.25
M.19
-3092000
TOP SEAM
ea k
l Br
-3092000
77.96
1
Permit Area
Yarl
1
Railway
NC 45
-3093000
103.38
1.04
M3
132D
131D
62.69
1.04
98.75
1.45
104.87
1.68
Scale
0
NC 75
Milnedale
143
0.86
1.4
1.9
M11
A
157.77
1.03
151.27
1.1
131.57
1.62
0.94
M.5
190.55
1300m
-3094000
1300m
166.71
1.87
M.21 CA9369/5
90C
163.04
165.4
NC 77
105.56
1.02
CA 9369/4
148.7
1.09
Railway
1.46
137.02
0.08
CR 1
-3095000
Glenalgy
CR 3
CR 2 156.71
NC 41
-3093000
NC 71
132.67
1.28
141.22
1.07
2000
96.11
M.4
-3094000
1000
89.43
1.58
1
M20
97.97
1.17
Road
Resource
Blocks
1300m
NC 57
62.74
0.97
-3095000
M 12
1300m
MB
22
163.53
163.17
1.75
2.11
1.1
E
181.82
1.58
Brazil
M 13
NC 66B
192.43
1.47
162.45
1.329
Road
207.67
1.57
-3096000
1300m
NC48B
Christiana
171.91
1.6
D
157.77
1.06
-3096000
M10
209.02
1.44
-3097000
Railway
-3097000
-95000
74
-94000
-93000
-92000
-91000
Learydale – Overview



Location: Glencoe region, Northern KZN
MCoal interest: 52%
Status:


Resource statement:






Reconnaissance resource: 44.3mt (Mintek)
Coal quality:


Infill drilling required to upgrade resource
Resource definition during 2010
Mining:


Mostly underground mining
Only about 5% of resource would be opencast mining
75
F – UTRECHT WEST PROJECT AREA
76
Utrecht West Project Area – Overview
 PR: Witklip
25 Rensburg
 Area: 14,612ha
 Area: 3,849ha
 Comments: Mintek report states
excellent opencast & underground potential; High exploration
priority
20 Altemooi
 Area: 855ha
43 Driefontein
 Area: 2,311ha
36,37 K/boog; Aangelegen
 Area: 2,188ha
15 Witklip
 Area: 2,761ha
 Comments: GeoSurvey data
indicates coal occurrence with
seam thickness of 1.2m
23 Dageraad
 Area: 2,648ha
77
G – UTRECHT EAST PROJECT AREA
78
Utrecht East Project Area – Overview
 PR: Twijfelfontein
 Area: 13,664ha
44 Rondehoek
 Area: 2,446ha
63 Uitkomst 2
45,46 Elandsnek, Drift
 Area: 4,471ha
 Comments: Rated in Mintek
report; Substantial coal
exploration/ mining activity on
adjacent farms; Medium to high
exploration priority
 Area: 4,565ha
64 Twijfelfontein
 Area: 1,382ha
 Comments: Balgary Collieries on NW
border; Welgedacht & Umgala
Collieries mined to the west
(bord-and-pillar mining method):
- commenced production in 1967,
- produced 80ktpm and 17ktpm
of saleable coal, respectively
34 Pivanspoort
 Area: 801ha
79
H – VRYHEID WEST PROJECT AREA
80
Vryheid West Project Area – Overview
 PR: Uitzicht
 Area: 8,396ha
14 Uitzicht
57 Voorkeurplats
 Area: 1,306ha
 Comment: Indications of lean &
bituminous coal with coking props
 Area: 1,479ha
56 Eensgevonden
 Area: 1,421ha
33 Lekkerwater
 Area: 2,913ha
38 Mooihoek
 Area: 1,278ha
81
I – VRYHEID EAST PROJECT AREA
82
Vryheid East Project Area – Overview
 PR: Uitkomst
39,40 Welverdiend
 Area: 14,177ha
 Area: 3,709ha
28 Hlomo
 Area: 1,548ha
 Comments: Low priority
47-50 Donkerhoek
 Area: 3,609ha
32 Waterval
35 Uitzicht 2
 Area: 727ha
 Area: 1,452ha
 Comments: Low priority
26 Wonderfontein
22 Uitkomst
 Area: 1,484ha
 Area: 1,649ha
 Comments: East of Nongoma;
Minimal dolerite activity; Coal
exploration/ mining on adjacent
farm; Medium priority
83
MIRANDA COAL OPERATIONS
KZN SIDINGS
84
Sidings – Glencoe
85
Sidings – Dannhauser & Wasbank
86
Miranda Coal
– Summary & Conclusion
87
Consolidated Project Plan
88
Miranda Coal
– Questions
89

Miranda Coal - Miranda Mineral Holdings Limited

Transcription

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